As part of the insolvency administration of Alpine Holding GmbH, the insolvency administrator has filed a lawsuit against FCC Austria Abfall Service AG. The accusation: FCC Austria is alleged to have overcharged Alpine Holding in the total amount of 186 million euros. euros.
Alpine Holding was an important player in the Austrian construction industry and was considered a model company for a long time. In 2013, however, the company had to file for insolvency after project management on some major projects failed to meet expectations. Since then, an insolvency administrator has been managing the company and trying to satisfy creditors.
The lawsuit against FCC Austria is an important step in this process, because the sum of 186 million. Euro could help creditors recover larger parts of their claims. FCC Austria naturally rejects the allegations and announced its intention to defend itself against the lawsuit.
The outcome of the lawsuit is currently uncertain. One thing is certain, however: Alpine Holding’s insolvency is still having an impact on the Austrian construction industry – and on those who did business with the company – years later.
Who is Alpine Holding?
Alpine Holding was an Austrian construction company founded in 1928. The company employed several thousand people and specialized in infrastructure projects as well as building construction. In 2013, Alpine Holding ran into financial difficulties and had to file for insolvency.
Since the insolvency of Alpine Holding, the company has been managed by an insolvency administrator. This is responsible for managing the company’s remaining assets and settling liabilities to creditors. In this context, the insolvency administrator has now sued the construction company FCC for 186 million. Euro sued.
- Why is the insolvency administrator of Alpine Holding suing FCC for 186 million. Euro?
The exact reasons for the insolvency administrator’s lawsuit against FCC are not yet known. However, it is suspected that the lawsuit is related to inadequate safety precautions during construction work on the Brenner highway. Alpine Holding was acting as a subcontractor for FCC and could be held liable for damages due to breach of duty. It remains to be seen whether the lawsuit has any chance of success.
What happened?
The insolvency administrator of Alpine Holding, Dr. Johannes Gallhuber, has sued FCC for 186 million euros. The lawsuit relates to a claim of the Austrian construction company, which was not settled by FCC. Alpine Holding had gone bankrupt in 2013 and FCC had previously spent 290 million euros to acquire Alpine Bau.
Alpine Holding’s claim let FCC know that it was not prepared to pay the money. In response, Gallhuber filed a lawsuit to force the company to pay up. The case is being heard by the Vienna Commercial Court.
This is not the first time FCC has run into legal trouble. In 2016, the company was indicted on corruption charges in Spain and had to pay a fine of 200 million euros.
- Insolvency administrator of Alpine Holding, Dr. Johannes Gallhuber, is suing FCC for 186 million euros in.
- The lawsuit relates to an unpaid claim by Alpine Holding.
- FCC had previously spent 290 million euros on the acquisition of Alpine Bau.
- This is not the first time FCC has run into legal trouble.
Who is FCC?
FCC is an international company headquartered in Austria, active in the construction, environment, energy and water infrastructure sectors. The company has completed more than 2,000 projects in recent years and has a broad experience in the field of technology and construction.
Insolvency administrator of Alpine Holding sues FCC for 186 million. Euro. The insolvency administrator of Alpine Holding has filed a lawsuit against FCC, demanding a sum of 186 million euros. The cause of action is the allegation that FCC is allegedly responsible for the bankruptcy of Alpine Holding.
Alpine Holding was an Austrian construction company that filed for insolvency in 2013. The company’s bankruptcy was on a large scale and had an impact on many people and businesses across the country. However, the lawsuit against FCC is denied by the company and it is argued that there is no responsibility for the bankruptcy of Alpine Holding.
- The lawsuit against FCC is currently still open and is being discussed intensively by both sides.
- FCC emphasizes that it operates very successfully in Austria and has a good reputation. In addition, the company emphasizes that it has a high ethical and social responsibility and always complies with applicable laws and regulations.
- It remains to be seen how the lawsuit against FCC will develop and whether the company will have to pay the demanded sum of 186 million euros.
What’s next for Alpine Holding?
The insolvency of Alpine Holding has made numerous headlines in recent years. Now another legal dispute is brewing: The insolvency administrator of Alpine Holding is suing FCC for an amount of 186 million euros. Euro.
The exact details of the lawsuit are not yet known. However, some media are reporting that the claim is said to be related to the construction of the major Brenner Base Tunnel project.
What is certain is that the outcome of the legal dispute will have a significant impact on the further development of Alpine Holding. If the lawsuit is successful, this could mean that part of the insolvency proceedings will be settled in favor of the creditors after all. Otherwise, the prospects for Alpine Holding’s continued operations could be further diminished.
- Alpine HoldingInsolvency proceedings
- FCCLitigation
- Brenner Base Tunnel major project
- Creditor compensation
- Business operationsContinuation